BACRP News and Press, Bank Of America Corp. 7% PRF PERPETUAL USD - Ser B From 03/28/23

2023-03-28 08:05:38 ET Summary Harris Associates’ 13F portfolio value decreased from $59.68B to $49.11B this quarter. They increased Amazon, Oracle, Capital One Financial, and Intercontinental Exchange while decreasing American International Group, Netflix, Charles Schwab, ...

2023-03-28 03:28:00 ET Summary 14 constituents in the S&P 500 have been impacted by a GICS Classification change which was originally announced in December 2022. Financials saw the largest change, with 8 of these constituents move from Information Technology into Financials. ...

2023-03-27 15:02:49 ET Summary Bank of America is perceived as a safe haven for depositors amid the instability of the banking industry. Bank of America is performing well, focusing on innovation and technology, but faces challenges such as bond portfolio losses and legal and regu...

2023-03-25 01:22:34 ET Summary Bank Of America has gotten crushed alongside many bank stocks. The financial giant has rarely been this cheap. Yield seekers though could gravitate to its quality preferreds, particularly one that offers more than the rest. On our last ...

2023-03-24 11:00:36 ET Summary Billionaire Ray Dalio recently predicted that the SVB failure will have a significant impact on the economy beyond just the Venture Capital space. Multiple other prominent investors seconded this opinion, agreeing that the economy is at a turning poi...

2023-03-22 06:37:08 ET Summary FDVV is a dividend fund by Fidelity, well-diversified across sectors and holdings. Valuation ratios look attractive, and quality is a bit superior to the benchmark. Regarding total return, it is close to similar funds by Vanguard and iShares. ...

2023-03-20 02:17:48 ET Summary The banking crisis has resulted in a new slate of recommendations to deploy spare capital into suffering bank stocks. Inflation and the debt ceiling still pose massive risks to the market over the next several months. We recommend for those looki...

2023-03-19 08:56:31 ET Summary First Republic Bank has declined enough that the stock is looking quite attractive. Despite this, and even though management has provided investors with multiple updates, there is too much opacity and uncertainty to make this a reasonable risk-to-rew...

2023-03-18 09:00:00 ET Summary Jane's retirement accounts generated a total of $1,846.54 of dividend income for February 2023 vs. $1,331.63 of dividend income for February 2022. Jane's Traditional IRA had a balance of $427.1K as of February 28, 2023, vs. $430.5K on February 28, 20...

2023-03-18 04:20:12 ET Summary NFJ takes an approach of primarily investing in equity investments but also incorporates convertible securities. The fund has managers from both NFJ Investment Group and Voya Investment Management. The fund's discount is fairly attractive, and th...